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Masek, Koci, Aujezdsky and Strnad Joch Lokajicek and Mikulas & Partneri Advised on Livesport Acquisition of Stake in Liftago

Masek, Koci, Aujezdsky and Strnad Joch Lokajicek and Mikulas & Partneri Advised on Livesport Acquisition of Stake in Liftago

Czech Republic

Masek, Koci, Aujezdsky has advised Livesport Invest s.r.o. on its acquisition of a significant stake in Liftago, a.s. from 15 shareholders in the company and by means of a subscription of newly-issued shares in connection with the increase of the company's registered capital. Some of the selling shareholders were advised by Strnad Joch Lokajicek, and Mikulas & Partneri advised Liftago. The value of the deal is reported to be over CZK 100 million.

Liftago, which was established in 2012, operates a well-known taxi-hailing app for iOS and Android in the Czech Republic and Slovakia that competes with Uber and Taxify. It claims that more than 300,000 customers and thousands of companies use its services. Livesport, which was founded in 2006, is a Czech technology company focused on delivering sports results and statistics. It reports that its service is used by around 85 million users, and that its mobile applications have been downloaded more than 50 million times.

Upon completion of the deal, Livesport (owned by Czechs Martin Hajek and Jiri Mares) and Liftago founders Martin Hausenblas, Juraj Atlas, and Ondrej Kratky will hold over 90 percent of the shares of Llftago.

Partner Josef Aujezdsky and Attorney Ondrej Bahnik led the Masek, Koci, Aujezdsky team.

The Mikulas & Partneri team consisted of Partners Jan Mikulas and Kristyna Ulmanova.

The Strnad Joch Lokajicek team consisted of Partner Miloslav Strnad and Cooperating Lawyer Magda Hovorkova.

Editor's Note: After this article was published, the K.Law firm informed CEE Legal Matters that it had represented one of the shareholders of the Liftago, a.s. in the sale of shares to Livesport. The firm's team included Partners Vit Kucera and Petra Stoklasova and junior lawyer Marie Timoscukova. 

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